I have been looking at the post by Victoria Ferauge in Americans in France and am as appalled as she is at the way the US Government is seeking to extend its sphere of influence over foreign governments by requiring them to report on bank accounts and investments, pensions etc. held by US citizens outside the US, in order to try and stop tax avoidance by US citizens living abroad.
In most cases, as in France, this will actually breach the confidentiality agreement signed when accounts were set up, or it will be almost impossible to distinguish between US account holders, eg pensions, and cost the financial institutions a huge amount of money to impliment.
The cost of complying with Sarbanes-Oxley was bad enough, but this is yet another instance of the US government saying "Hey, you will do what we say"!
The way that the inequal extradition laws work in the favour of the US is another good reason to make a stand against this latest intrusion by the US into the legal rights of other foreign governments and their financial istitutions.
The replies by the European bankers et al.make very interesting reading !